Company code: China Pacific Insurance (Group) Co.Ltd(601601) company abbreviation: China Pacific Insurance (Group) Co.Ltd(601601) China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should http://www.sse.com.cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the annual report are true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The audited consolidated financial statements of the company prepared in accordance with the Chinese accounting standards for business enterprises in 2021, the net profit attributable to the shareholders of the parent company was 26.834 billion yuan, and the net profit in the financial statements of the parent company was 13.579 billion yuan. According to the articles of association and other relevant provisions, if the cumulative amount of statutory surplus reserve is more than 50% of the company’s registered capital, it may not be withdrawn. After carrying forward the undistributed profits of the previous year, the undistributed profits in the financial statements of the parent company under the Chinese accounting standards for business enterprises at the end of 2021 were 41.396 billion yuan.
Therefore, the profit distribution of the company in 2021 is based on the audited financial statements of the parent company. It is proposed to distribute the annual cash dividend of RMB 1.0 per share (including tax) according to the total share capital of 9620341455 shares, with a total distribution of RMB 9620341455, and the remaining undistributed profits are carried forward to 2022. The company will not convert the capital reserve into share capital this year.
After the cash dividend distribution, the group’s solvency adequacy ratio has no significant impact, and it is expected that the implementation of phase II of the second generation of repayment will still meet the regulatory requirements. The company has not implemented the conversion of capital reserve into share capital in recent three years.
The above profit distribution plan has yet to be approved by the general meeting of shareholders.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock code
A-share Shanghai Stock Exchange China Pacific Insurance (Group) Co.Ltd(601601) China Pacific Insurance (Group) Co.Ltd(601601)
H-share stock exchange of Hong Kong Limited China Pacific 02601
GDR London Stock Exchange China Pacific Insurance (Group) Co., Ltd. CPIC
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Su Shaojun Pan Feng
Office address: No. 1, Zhongshan South Road, Huangpu District, Shanghai, China No. 1, Zhongshan South Road, Huangpu District, Shanghai, China
Tel: 02158767282
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
The company is a leading comprehensive insurance group in China and the first insurance company listed in Shanghai, Hong Kong and London. Focusing on the insurance industry chain, the company provides various products and services such as risk protection, wealth planning and asset management through its subsidiaries.
The company mainly provides customers with life insurance products and services through CPIC life insurance; Provide property insurance products and services to customers through CPIC property insurance and The Pacific Securities Co.Ltd(601099) Anxin agricultural insurance; Provide customers with professional health insurance products and health management services through The Pacific Securities Co.Ltd(601099) health insurance; Carry out insurance fund application and third-party asset management business through CPIC assets; Engage in pension management and related asset management business through Changjiang pension; The company also carries out public fund management business through the United Nations Security Fund.
The premium income of the national insurance industry was RMB 2024 trillion, a year-on-year increase of 49.4%. Among them, the original premium income of life insurance companies was 3.12 trillion yuan, a year-on-year increase of 5.0%; The original premium income of property insurance companies was 1.37 trillion yuan, a year-on-year increase of 1.9%. Based on the original premium income, CPIC life insurance and CPIC property insurance are the third largest life insurance company and the third largest property insurance company in China respectively. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: million yuan currency: RMB
20212020 compared with 2019 at the end of the previous year
Increase or decrease (%)
Total assets 194616417710049.91528333
Net assets attributable to shareholders of listed companies 2267412152245.4178427
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Operating income 4406434221824.4385489
Net profit attributable to shareholders of listed companies 2683424584 9.227741
Net profit attributable to shareholders of listed companies after deducting non 2669924569 8.722915 recurring profits and losses
Net cash flow from operating activities 1084071080630.3111795
Weighted average return on net assets (%) note 12.2 12.6 (0.4pt) 16.9
Basic earnings per share (yuan / share) note 2.79 2.63 6.1 3.06
Diluted earnings per share (yuan / share) note 2.79 2.63 6.1 3.06
Note: fill in with the data belonging to the shareholders of the company.
3.2 main accounting data by quarter in the reporting period
Unit: million yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 15126310124998422 89709
Net profit attributable to shareholders of listed companies 85478757 53824148
Net profit attributable to shareholders of listed companies after deducting non 84838701 53874128 recurring profits and losses
Net cash flow from operating activities 3605523049 1564233661 description of the difference between quarterly data and disclosed periodic report data □ applicable √ not applicable 4 shareholders 4.1 total number of ordinary shareholders, total number of preferred shareholders with voting rights restored, total number of shareholders holding special voting shares and top 10 shareholders at the end of the reporting period and the end of the month before the disclosure of the annual report
Unit: shares
As of the end of the reporting period, the total number of common shareholders (households) was 175593
Total number of ordinary shareholders (households) at the end of the previous month before the disclosure date of the annual report 171442
Shareholding of top 10 shareholders
Held with pledge and mark
Name of shareholder number of shares held at the end of the reporting period proportion of shares held at the end of the reporting period restriction or freezing number of shares increased or decreased by (%) number of shares nature number of shares status quantity
Legal person of Hong Kong Central Clearing (agent-446 Tianshui Zhongxing Bio-Technology Co.Ltd(002772) 68 China Express Airlines Co.Ltd(002928) .82 0 without 0 Overseas Manager) Co., Ltd
Shenneng (Group) Co., Ltd. 132677678213.79 0 No 0 state-owned company legal person
Huabao Investment Co., Ltd. 128427784613.35 0 No 0 state-owned legal person
Shanghai state owned assets management 939792565841123396.07 0 No 0 state owned limited company legal person
Shanghai Haiyan investment management 4688281044.87 0 No 0 state-owned limited company legal person
China Securities Finance Co., Ltd. – 792710898432.82 0 No 0 other Co., Ltd
Hong Kong Central Clearing Limited 549920541977285412.06 0 no other company
